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535 W Olive Street, Inglewood, California 90301, Inglewood, 90301 - bed, bath

535 W Olive Street, Inglewood, California 90301 home-pic-0
ACTIVE$950,000
535 W Olive Street, Inglewood, California 90301
0Bed
0Bath
2,556Sqft
4,234Lot
Year Built
1924
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$372
HOA
-
Days on market
-
Sold On
-
MLS number
SB25052467
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $950.0K(50th), sqft - 2556(50th), beds - undefined(50th), baths - undefined(50th).

OPEN HOUSE: SUNDAY (3/22) 10am - 1pm. Bring your clients to this perfect investment to live in the front 3bed/2.5baths Single Family Residence and collect income from the 1bed/1bath unit in rear. Front House is two-story with tons of potential. First Story consists of a kitchen, laundry room, living room, and 2 bedrooms. Second Story consists of a second living room area and master bedroom. Detached 1bed/1bath unit is perfect for an in-law suite. Front house to be delivered vacant and back unit currently occupied. There is one water meter and two gas and electric meters for both units, Well maintained property in the heart of Inglewood. Perfect home for a first time home buyer or as a long term investment. Conveniently located near LAX airport, downtown L.A., SoFi Stadium, and Intuit Dome.

Price History

Date
Event
Price
08/27/99
Sold
$185,000
Condition Rating
Fair
The property was built in 1924. The images show a kitchen and bathrooms that are functional but outdated. While the property appears to be maintained, it would likely benefit from updates to bring it to modern standards. The presence of multiple units suggests it has been maintained as a rental property, which typically involves regular upkeep but not necessarily extensive renovations. Therefore, a 'fair' rating is appropriate.
Pros & Cons

Pros

Income Potential: The property features a 3-bed/2.5-bath front house and a separate 1-bed/1-bath back unit, offering immediate rental income potential.
Prime Location: Conveniently located near LAX airport, downtown L.A., SoFi Stadium, and Intuit Dome, enhancing its desirability for renters and future appreciation.
Flexible Living Arrangement: The front house will be delivered vacant, allowing for owner occupancy or immediate rental, while the back unit provides existing income.

Cons

Older Construction: Built in 1924, the property may require updates or repairs to meet modern standards and preferences.
One Water Meter: Only one water meter for both units could complicate utility billing and management for tenants.

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